Fiat Chrysler Automobiles N.V. (NYSE:FCAU) was upgraded by Zacks Investment Research from a “sell” rating to a “strong-buy” rating in a research report issued on Friday. The brokerage presently has a $17.00 price objective on the stock. Zacks Investment Research‘s target price indicates a potential upside of 14.48% from the company’s current price.

According to Zacks, “Fiat Chrysler Automobiles NV operates as an international automotive company. It is engaged in designing, engineering, manufacturing, distributing and selling vehicles and components and production systems. The Company operates under the Abarth, Alfa Romeo, Chrysler, Dodge, Fiat, Fiat Professional, Jeep, Lancia and Ram brands. It also produces metallurgical products and production systems for the automobile industry, and owns publishing and insurance companies. Fiat Chrysler Automobiles NV is based in United Kingdom. “

Several other equities analysts have also issued reports on FCAU. Morgan Stanley lifted their price target on Fiat Chrysler Automobiles N.V. from $14.00 to $15.00 and gave the stock an “overweight” rating in a research report on Friday, April 28th. Bank of America Corporation reaffirmed an “underperform” rating and issued a $9.00 price target (down previously from $10.00) on shares of Fiat Chrysler Automobiles N.V. in a research report on Friday, June 16th. Jefferies Group LLC set a $14.00 price target on Fiat Chrysler Automobiles N.V. and gave the stock a “buy” rating in a research report on Monday, May 22nd. BidaskClub raised Fiat Chrysler Automobiles N.V. from a “sell” rating to a “hold” rating in a research report on Friday, June 23rd. Finally, Kepler Capital Markets raised Fiat Chrysler Automobiles N.V. from a “hold” rating to a “buy” rating in a research report on Friday, July 28th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating, six have issued a buy rating and two have assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $14.13.

Shares of Fiat Chrysler Automobiles N.V. (NYSE:FCAU) opened at 14.85 on Friday. Fiat Chrysler Automobiles N.V. has a one year low of $6.05 and a one year high of $15.06. The company’s 50 day moving average is $12.26 and its 200-day moving average is $11.20. The firm has a market capitalization of $22.83 billion, a price-to-earnings ratio of 6.87 and a beta of 1.72.

Fiat Chrysler Automobiles N.V. (NYSE:FCAU) last announced its earnings results on Thursday, July 27th. The company reported $0.76 EPS for the quarter, beating the Zacks’ consensus estimate of $0.59 by $0.17. Fiat Chrysler Automobiles N.V. had a net margin of 2.51% and a return on equity of 15.69%. The firm had revenue of $27.93 billion for the quarter, compared to analysts’ expectations of $29.24 billion. During the same quarter in the previous year, the business posted $0.45 EPS. The company’s quarterly revenue was up .1% on a year-over-year basis. Equities analysts expect that Fiat Chrysler Automobiles N.V. will post $2.61 EPS for the current year.

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Several institutional investors have recently bought and sold shares of the company. Creative Planning raised its position in shares of Fiat Chrysler Automobiles N.V. by 34.4% in the first quarter. Creative Planning now owns 24,577 shares of the company’s stock worth $269,000 after buying an additional 6,284 shares during the period. Bank of Montreal Can raised its position in shares of Fiat Chrysler Automobiles N.V. by 34.9% in the first quarter. Bank of Montreal Can now owns 196,202 shares of the company’s stock worth $2,144,000 after buying an additional 50,714 shares during the period. Waldron LP acquired a new position in shares of Fiat Chrysler Automobiles N.V. during the first quarter worth $382,000. Acadian Asset Management LLC acquired a new position in shares of Fiat Chrysler Automobiles N.V. during the first quarter worth $1,298,000. Finally, Wetherby Asset Management Inc. raised its position in shares of Fiat Chrysler Automobiles N.V. by 5.2% in the first quarter. Wetherby Asset Management Inc. now owns 28,427 shares of the company’s stock worth $311,000 after buying an additional 1,412 shares during the period. 29.28% of the stock is owned by hedge funds and other institutional investors.

About Fiat Chrysler Automobiles N.V.

Fiat Chrysler Automobiles N.V., together with its subsidiaries, designs, engineers, manufactures, distributes, and sells vehicles, components, and production systems. The company operates through six segments: NAFTA, LATAM, APAC, EMEA, Maserati, and Components. It provides passenger cars, light trucks, and light commercial vehicles under the Abarth, Alfa Romeo, Chrysler, Dodge, Fiat, Fiat Professional, Jeep, Lancia, and Ram brand names; and luxury vehicles under the Maserati brand, as well as related service parts and accessories, and service contracts under the Mopar brand.